| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $261M | $253M | $268M | 3.4% | -2.5% |
| Op. Income | $65M | $63M | $44M | 3.0% | 48.0% |
| Gross Margin | 60.8% | 61.8% | 50.6% | -1.0pp | 10.2pp |
| Net Margin | 21.8% | 21.9% | 14.9% | -0.1pp | 6.9pp |
| EPS (Diluted) | $0.98 | $0.94 | $0.68 | 4.3% | 44.1% |
| Free Cash Flow | $54M | $62M | $63M | -13.0% | -14.8% |
| Item | Amount |
|---|---|
| REVENUE | $261M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $159M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $58M |
| SG&A Expenses | $60M |
| Other Expenses | $34M |
| Operating Expenses | $94M |
| Cost & Expenses | $196M |
| OPERATING INCOME | $65M |
| Interest Income | $230M |
| Interest Expense | $97M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $8M |
| EBIT | $65M |
| EBITDA | $73M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $261M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $159M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $58M |
| SG&A Expenses | $60M |
| Other Expenses | $34M |
| Operating Expenses | $94M |
| Cost & Expenses | $196M |
| OPERATING INCOME | $65M |
| Interest Income | $230M |
| Interest Expense | $97M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $8M |
| EBIT | $65M |
| EBITDA | $73M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $57M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $45M |
| Other Investing Activities | -$202M |
| NET CASH FROM INVESTING | -$169M |
| Net Debt Issuance | -$182M |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | $336M |
| NET CASH FROM FINANCING | $111M |
| FREE CASH FLOW | $54M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $305M |
| Short-Term Investments | $434M |
| Net Receivables | $93M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $833M |
| PP&E (Net) | $123M |
| Goodwill | $712M |
| Intangible Assets | $17M |
| Long-Term Investments | $16.1B |
| Tax Assets | $98M |
| Other Non-Current Assets | $734M |
| TOTAL NON-CURRENT ASSETS | $17.8B |
| TOTAL ASSETS | $18.6B |
| Account Payables | $16M |
| Short-Term Debt | $200M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.8B |
| TOTAL CURRENT LIABILITIES | $15.0B |
| Long-Term Debt | $961M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $270M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $16.2B |
| Common Stock | $7M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$190M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $18.6B |
| Total Debt | $1.2B |
| Net Debt | $856M |
